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Adiyasuren
Adiyasuren is 26 years old and lives with his wife in a ger (a Mongolian yurt) in Huvsgul province, Mongolia. His wife helps his business. He started his grocery retail business in 2008 by renting a counter in the market. Now he bought a car to run a taxi service and his wife runs a counter in the market. Now that his business is stable enough, he rented an extended counter. However, he hasn't enough supply to run the counter. Therefore, he is requesting 2,000,000 MNT to buy more fruit from Ulaanbaatar at a wholesale price. He is a sharp and hardworking man who says, "I have baby coming therefore, I need to do everything I can in order to support my baby".

Additional Information

About XacBank

This loan is being administered through XacBank, a Mongolian for-profit microfinance institution. XacBank is located in every province of Mongolia, reaching some of the most rural micro business clients. With this Kiva loan, there is an opportunity for the entrepreneur to get a savings account including 9% of the interest if they pay back the loan on time. This is a special savings account that XacBank has specifically prepared for the Kiva loan borrowers to promote savings habits.

About Mongolia

  • $5,900
    Average annual income
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,366,300
    Funds lent in using Kiva
  • 1,290.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,575 helped Adiyasuren to buy more fruit at wholesale prices.
98% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 2, 2011
Listed
Nov 18, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013